Pu­tra­jaya Hold­ings to de­velop two projects in KL

The Star Malaysia - StarBiz - - News -

KUALA LUMPUR: Pu­tra­jaya Hold­ings Sdn Bhd, the mas­ter de­vel­oper of Pu­tra­jaya, plans to ex­pand its ter­ri­tory into the Kuala Lumpur with the de­vel­op­ment of two new projects in Jalan Am­pang with a to­tal gross de­vel­op­ment value (GDV) of RM5.2bil.

Chief ex­ec­u­tive of­fi­cer Datuk Azlan Ab­dul Karim said the com­pany had re­cently ac­quired two pieces of land in Jalan Am­pang – 3.2ha on which the French Em­bassy was pre­vi­ously lo­cated, and a 0.52 ha plot next to the Chi­nese em­bassy.

The com­pany aimed to de­velop 429 units of high-rise ser­viced apart­ments on the 0.52ha plot, while the 3.2ha would be de­vel­oped into a mixed pro­ject, com­pris­ing com­mer­cial retail, ho­tel and res­i­den­tial, he said.

“We have sub­mit­ted our pro­posal for ap­proval (from Kuala Lumpur City Hall).

“Once we get our build­ing plan, we can launch the pro­ject.

“The res­i­den­tial pro­ject will have around RM500mil to RM600mil GDV while the mixed de­vel­op­ment pro­ject's GDV will be eight times big­ger,” he told Ber­nama here yes­ter­day.

Azlan said Pu­tra­jaya Hold­ings had also ac­quired 640 ha of free­hold land in Sepang, which would be de­vel­oped into an eco-type re­sort along the beach.

“The pro­ject is go­ing to be an Eco Des­ti­na­tion Town­ship, the con­ti­nu­ity of our trade­mark, Pu­tra­jaya Hold­ings as a Pre­mier Green De­vel­oper.

“The first phase of the de­vel­op­ment will be a 27-hole Eco Link Golf Course sup­ported by a num­ber of three-to five-star ho­tels,” he said, adding that the other de­vel­op­ments in­cluded com­mer­cial, res­i­den­tial, retail and well­ness cen­tre.

The de­vel­op­ment of this pro­ject is tar­geted to take off in the third quar­ter of 2018.

On out­look, Azlan said the com­pany's busi- ness re­mained strong as its ho­tel op­er­a­tions con­tin­ued to per­form well, with the Everly Ho­tel Pu­tra­jaya en­joy­ing a 70%-80% oc­cu­pancy rate while Pull­man Pu­tra­jaya Lake­side Ho­tel recorded a com­mend­able 80% rate.

The Ala­manda Mall, he said, is cur­rently un­der­go­ing a re­fur­bish­ment ex­er­cise such as ex­pand­ing cer­tain ar­eas to en­large the mall to ac­com­mo­date a big­ger crowd.

Azlan: The res­i­den­tial pro­ject will have RM500mil to RM600mil GDV while the mixed de­vel­op­ment pro­ject’s GDV will be eight times big­ger.

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